Crypto ATM startup Coinme hit with cease-and-desist order in Washington state - GeekWire
Washington state issued a cease-and-desist order against Coinme for operating unlicensed crypto ATMs, signaling increased enforcement against crypto money transmitters lacking proper state licenses.
Aforeworn detected this change in the Money Services & Money Transmitters space on July 8, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated High urgency. Crypto/virtual-currency firms operating crypto ATMs or kiosks in Washington state, and any money transmitter offering virtual currency services without a Washington money transmitter license. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Immediately; cease operations until licensed. License applications can take months, so start the process now.. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Money Services & Money Transmitters continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
Washington Department of Financial Institutions (DFI) issued a cease-and-desist order against Coinme for operating unlicensed crypto ATMs, indicating active enforcement against unlicensed virtual currency money transmission.
Who it affects
Crypto/virtual-currency firms operating crypto ATMs or kiosks in Washington state, and any money transmitter offering virtual currency services without a Washington money transmitter license.
What you must do
Verify that your business holds a valid Washington money transmitter license (or exemption) for any crypto ATM or virtual currency transmission activities in the state. If not, cease operations immediately and apply for licensure or restructure to comply.
Deadline
Immediately; cease operations until licensed. License applications can take months, so start the process now.
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